Smart Sand, Inc. (SND)

Over the past six months, Smart Sand, Inc. (SND) stock price has increased by 92.42%. The share price was $4.04 as of January 2, 2026, a 68.33% increase from January 6, 2025. The stock gained 30% in the thirty days leading up to November 19, 2025. SND shares hit multi-year highs in December 2025 due to strong frac sand demand. Smart Sand initiated a $10 million share repurchase plan. The company declared special cash dividends of $0.10 per share with an ex-dividend date of August 4, 2025, and $0.05 per share with an ex-dividend date of December 2, 2025. Smart Sand announced its third-quarter 2025 results, reporting revenue of $92.8 million, net income of $3.0 million, and cash flow provided by operations of $18.2 million. The company announced second-quarter 2025 results with revenue of $85.8 million and net income of $21.4 million, which included a $(21.7) million tax benefit. Smart Sand reported first-quarter 2025 total tons sold of approximately 1.1 million and revenue of $65.6 million. Analysts significantly upgraded their near-term forecasts for Smart Sand, Inc. in March 2024, increasing consensus statutory numbers for both revenue and earnings per share for 2024.

The demand for Smart Sand, Inc.'s products and services is influenced by the cyclical nature of the energy market. Buying Smart Sand Inc (SND) stock in January has the highest probability of a positive return (70.00%), while March has the lowest probability (33.33%). The company's expansion into various industrial markets aims to diversify its revenue streams, potentially mitigating some of the seasonality associated solely with the oil and gas industry.

Smart Sand, Inc. is a fully integrated sand supply and services company that excavates, processes, and sells sands (proppant) for hydraulic fracturing in the oil and gas industry. It also provides logistics, storage, and management solutions. The company operates within the Non-Energy Minerals sector, focusing on Mining & Quarrying of Nonmetallic Minerals. Its major product is Northern White frac sand, and it is expanding into industrial markets like glass and renewables. Smart Sand offers proprietary solutions like SmartSystem™ to improve proppant delivery and efficiency and has approximately 247 million tons of recoverable sand reserves as of December 31, 2022.

Smart Sand, Inc. is headquartered in Yardley, Pennsylvania, and operates sand mines and processing facilities in Wisconsin and Illinois. Its logistics network utilizes major rail lines and transload facilities, providing access to locations throughout the United States, Canada, and Mexico.

Smart Sand, Inc. maintains a reputation as a fully integrated sand supply and services company committed to sustainable supply, quality focus, environmental sensitivity, and efficient logistics. In 2024, Smart Sand achieved its highest quarterly and annual sales volumes in company history. The company generated $10.9 million in free cash flow for the full year 2024. Smart Sand declared its first dividend of $0.10 per share in Q4 2024. The company has developed proprietary technologies like the SmartSystems™ product line, designed for efficient and environmentally conscious wellsite proppant management. The company's expansion into diverse industrial markets beyond oil and gas demonstrates a strategic diversification that could enhance its long-term stability and reputation.

Smart Sand, Inc. has a mixed ownership structure including institutional, insider, and retail investors. Institutional investors hold approximately 13.88% to 35.21% of the company's stock. Insiders hold a significant portion, ranging from approximately 30.14% to 32.30% of the stock, with Clearlake Capital Partners LLC being the largest individual shareholder. Retail investors account for approximately 43% to 45.74% of Smart Sand, Inc.'s ownership.